About Money Observer Rated Funds

The continuing appeal of one-stop-shop investment solutions is all too clear in the latest list of most-bought funds from interactive investor.

Three of the 10 most popular funds are from the low-cost Vanguard LifeStrategy strategy of ready-made investment portfolios, up from two last month. The combination of fees at just 0.22 per cent and ii’s flat fee structure makes them an attractive option.

Contenders

Funds, including off­shore-domiciled funds, must be members of an Investment Association (IA) sector and offer a ster­ling or hedged to sterling share class. All charity, exempt, institutional and private funds are excluded, as are all passive index-tracking funds.

Scottish American Investment Company was founded by William Menzies in the 1870s, after a series of visits to the US left him impressed by the wealth and opportunities the rapidly industrialising country presented. Being the most exciting emerging market of its day, America, it was hoped, would provide strong returns for investors in the UK.

Every month we look at the most popular investment funds on Money Observer’s sister website Interactive Investor. In June, there was little change at the very top of the table of best-selling investment funds, as Terry Smith’s Fundsmith Equity continues to be ii clients’ favourite fund.

Despite regulatory concerns, the US tech sector has seen some of the strongest performance in the month of May.

According to data from FE Trustnet, among Investment Association fund sectors, Technology and Communications posted the second-best performance in May, with the sector returning investors 7.84 per cent.